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Strategies & Market Trends : P&S and STO Death Blow's

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To: doc who wrote (6565)9/6/2002 12:23:48 PM
From: Jeff  Read Replies (2) of 30712
 
back in aug.....we had a 5 t-q reading....and then it took 5 more days with 4 more days of under .30 readings before we got the 1426 top......they weren't done painting that top yet.....

so now we just had another 5 t-q.....and this is the third day with 2 days under .30....

so it could be a peak.....but just like august....it took 5-days....so we still might have a day to go....

heres where the retrace is......

stockcharts.com[h,a]daclynay[d19960606,19970130][pc9!c13!c20!d20,2!h.02,.20!c50!f][iLa4,9,5!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1]&pref=G

1400 top is the 1426.....we just hit that 1251 bottom area....and here we are now in that part to 1328.....

sometimes it works great.....sometimes these parts in the retrace are goo.....we could make a lower high than 1328....or we could go above it.....

but the general theme is.....this will be the next lower high off the 1426 top...
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